{"id":193,"date":"2022-10-13T14:47:19","date_gmt":"2022-10-13T14:47:19","guid":{"rendered":"http:\/\/live-script.xyz\/gas-to-bitcoin-firm-crusoe-energy-acquires-the-operating-assets-of-great-american-mining\/"},"modified":"2022-10-13T14:47:19","modified_gmt":"2022-10-13T14:47:19","slug":"gas-to-bitcoin-firm-crusoe-energy-acquires-the-operating-assets-of-great-american-mining","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/gas-to-bitcoin-firm-crusoe-energy-acquires-the-operating-assets-of-great-american-mining\/","title":{"rendered":"Gas-to-Bitcoin Firm Crusoe Energy Acquires the Operating Assets of Great American Mining"},"content":{"rendered":"
The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy announced on Wednesday that it acquired the operating assets of Great American Mining (GAM). The acquisition gives Crusoe over 10 megawatts (MW) of mining capacity and 4,000 ASIC mining rigs.<\/strong><\/p>\n On October 12, 2022, the digital flare mitigation (DFM) company Crusoe Energy<\/a> announced that it has acquired the assets of Great American Mining (GAM). Through the deal, not only does Crusoe get 10 MW of capacity and 4,000 ASIC mining devices, it also will benefit from \u201ccommercial relationships with several large-scale energy producers in the Bakken region of North Dakota and Montana.\u201d<\/p>\n Furthermore, it also has acquired a new facility in Ponchatoula, LA which will be used for Crusoe\u2019s new research and development (R&D) center. The news follows Crusoe\u2019s issues<\/a> with the rival firm Alkane Midstream LLC in August, and the company raising $505 million<\/a> in April 2022.<\/p>\nDigital Flare Mitigation Firm Crusoe Energy Acquires Great American Mining\u2019s Assets, Acquisition Adds Approximately 9% to Company\u2019s Capacity<\/h2>\n